实体企业金融化对企业经营风险的影响——以上海贝岭为例  

The Impact of Financialisation of Entity Enterprises on the Business Risks of Enterprises—Taking Shanghai Beiling as an Example

作　　者：刘畅[1] 朱正萱[2] Liu Chang;Zhu Zhengxuan(Qinghai Minzu University,Xining Qinghai 810007,China;Nanjing University of Technology,Nanjing Jiangsu 210094,China)

机构地区：[1]青海民族大学,青海西宁810007 [2]南京理工大学,江苏南京210094

出　　处：《现代工业经济和信息化》2025年第2期242-245,共4页Modern Industrial Economy and Informationization

基　　金：青海民族大学研究生创新项目(65M2024065)。

摘　　要：随着全球经济金融化的趋势日益显著,实体企业金融化现象逐渐受到关注。半导体行业作为新兴行业,在发展初期面临各种各样的困境与挑战,种种原因使得相关高新技术企业或多或少地持有主营业务外的金融资产。从半导体行业所面临的突出性问题出发,选取上海贝岭作为研究的微观主体,分析其发展历程,见微知著,重点从资金运用战略、内部现金流管理、企业知识管理和利用数字经济、政府和金融机构支持方面,为半导体企业提供有针对性的发展策略。With the increasingly significant trend of financialisation of the global economy,the phenomenon of financialisation of real enterprises has gradually received attention.Semiconductor industry as a new industry,in the early stage of development,faced with a variety of difficulties and challenges,all the reasons make the relevant high-tech enterprises more or less hold financial assets outside the main business.Starting from the salient problems faced by the semiconductor industry,Shanghai Belling is selected as the micro subject of the study,and its development history is analysed to provide targeted development strategies for semiconductor enterprises in terms of capital utilization strategy,internal cash flow management,enterprise knowledge management and use of the digital economy,and support from the government and financial institutions.

关 键 词：实体企业金融化 半导体行业 经营策略 

分 类 号：F275[经济管理—企业管理] F832.51[经济管理—国民经济]